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20121202
20121210
Search Results 0 to 46 of about 47 (some duplicates have been removed)
. there is no doubt about that. you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangibles of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something that is as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from
barack obama's success, john boehner's success, came in hume beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> sure, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dages point we have it in us, but we haven't shown it? >> the lmakers in washington don't, they're a bunch of gutless weasels who don't-- >> that language there. >> furthermore it's not productive language. well, they're not productive, and criticizing me for calling them gutless when that's exactly what they are. >> i'm trying to draw a distinction between-- >> come on. the gutle weasels on the one hand and not doing a good enough job on the other nd, let's cheer them on and say we honor your service, now, do a better job. >> yeah i got cheered when i didn'tnloadhe dishwasher when i was a kid instead sent to the corner and sit there r the night. >> did anybody want to b
is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neil cavuto, allow me to be so blunt to say, what else can you say about a light taken out of the party, republicans who 1 proudly school their tax drowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whether we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears to be towing to the middle. no matter, they don't matter. argue aming over size of tax hikes, argue than size of spending cuts do not matter. this republican met morris is to a light -- metta mofa sis to a lighter shade of blue. controlled by forces do you not know. and laughed at by a mainstream media you don'
melissa: take a look at that. adam: another week wasted. that is how john boehner described the fiscal cliff negotiations. it is not painful until the very end of the year. how this benefits the company. adam: the note dropped 7.7%, the lowest rate since december 2008. that is just a headline. let's get to nicole petallides. the traders are reading a bit into this report. nicole: the first thing they noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. the prior month which seemed like they were good news, in fact, were not as good as they seemed. they take these numbers with a grain of salt. the dow, nasdaq and s&p are mixed today. the dow is up about one third of 1%. what is interesting, this will be our third wedding week in a row. they have not been dramatic moves, but last week was pretty slots. jpmorgan and bank of america are some names on the dow that are holding on pretty nicely. the tech heavy nasdaq down one half of 1%. adam: a lot of people watching that jobs number. thank you very much. dennis: accordin
in the month of november. breaking news from washington. the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. even if the president that the tax rate hike that he wanted, understand that we will continue to see trillion dollar deficits for as far as the eye can see. washington has a spending3 problem, not a revenue problem. if the president does not agree with our proposal, i believe he has an obligation to families and small businesses to offer a plan of his own. we are ready and eager to talk to the president about such plan. >> you did speak with the president earlier t
. as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue on the same path of that they may just maturities they are going to look at purchasing. that is
is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual breakthrough that says that we need to do a balanced plan. but that is what is best for the economy. that is what the american people voted for and how we will get it o
as john boehner detailed this week, he basically said this is not a serious proposal and here he is asking for more spending, neil, what i find more conflicting, when, since when is the conversation, the natural conversation become nearly-- we raise taxes or else? and it seemsike the president is saying that that is the only option on the table and ifothing else happens, it's the republican's fault that we fall off the cliff and go into recession in the new year. >> and you don't believe charlie gasperino or what jay carney says, we could deal with spending cuts up front as well? >> i don't know why anybody is surprised by the opening salvo. i think this is basically it. i don't think that the president's going to budge. i mean, there's a dilutional nature of president obama. he won 50% of the vote and yet, he thinks he won 90% of the vote and that's how he's acting now and i don't care what anybody says, there is no rational reason to raise taxes right now. you don't get enough revenue to deal with the deficit and by the way, we got 2.7% economic growth, which people were jumping up clapp
of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide health insurance for them under obamacare. and a rift in the liberal media because of that. it might be a stretch in my opinion and maybe a stretch people saying they'll stop going to restaurants because of it. and a debate on that. darden, obamacare later in the hour. and breaking news from citigroup, too, it's cutting 11,000 jobs, it calls it part of its repositioning. it says it will save a billion dollars a year and the stock is going to be up at the opening bell. hope for the best, but plan for the worst. that's what companies are doing. more than 200 of them are getting ready for the expected dividend tax like next year by paying di
will -- [laughter] stuart: but the big story this hour is john boehner's counteroffer to the president, immediately dismissed by the way. it includes 800 billion dollars in tax revenue, not from higher tax rates. that is the sticking point. president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country.
then? it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for taxes. >> could have been for taxes, but,,and the but is very important, if there's a frame work december 31st at midnight, it will be just that. the markets will, i think, react predictly, and that's not positive. if there's a recession because there's not a tax plan, we'll be hurt. >> that's the wild card; right? how the markets reagent to it because we don't know. >> we don't. >>
to have a grasp of the solution. so he is turning to john boehner to say why don't you do what we couldn't do or won't do? this is really amazing to watch this administration. presidents are supposed to lead, take the initiative, persuade others, create a national consensus. what does he do? he goes out to a toy, he goes out to a toy factory and wants another quarter trillion dollars in spending. i can't imagine why people are somewhat, well suspicious of our politicians given that. melissa: when you talk to people, they're so frustrated by what they see. they want to tune it out. turn back to their family in their own community. it is hard not to gauge. >> let's be real honest. that's what they have already done. that's why we're in this condition. we saw the president even lose 7 1/2 million votes from 2008 to this past november. we've got a lot of people retreating and becoming more insular instead of being engaged. melissa: yeah. >> republicans walking around whining about this president instead of doing something. the republicans were beaten because they doesn't do anything. they di
heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to solve this problem. what i like about what speaker boehner is doing, he is at the table trying to get this done. connell: you are behind your speaker is basically what i am hearing. >> absolutely. he does not want to raise rates. we have to get serious. what i have not heard from the president any details on how he would actually cut spending. connell: say if the president were to come up and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepared to vote for tax increases, firs
: speaker john boehner is not too confident that things are looking good. saying that republicans are not the ones blocking a deal to avoid the disaster. if you're looking at the headlines, you would almost assume that he is lying. because it looks like republicans are the ones getting in the way of the compromise. so insisting on revenues, that it makes nothing of the point that democrats are equally insistent upon spending. start reading the fine print. $1.6 trillion in tax hikes. gretchenamilton says the median is focusing on republicans rejecting the deal and ybe not democrats offering a lousy deal it is true. it is remarkable in terms of the coverage how unbalanced it is. >> by now, the media is focusing on this and over the course of the year, it has been about a campaign that has happened across 50 states. but right now this is about a negotiation that is happening inside in the beltway. the press wants a soap opera. they are focused on the pettiness and policy and that is what we are seeing about republicans not willing to play ball on taxes ad how there are internal probl
and sarah gerri: hello, everyone. speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6rillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the sa comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaign
governor tried to -- john boehner, i am neil cavuto, we may be on the brink but that does not mean cuomo still does not give washington to give up some bank. 42 needed millions dollars for hurricane sandy relief. similar requests likely coming from governors in new jersey and connecttcut. who all together want this all too dumbing figure in post hurricane help, a hundred billion bucks, i don't know if they get all of it, but i think they get most, here is why americans, have big hearts, folks need help. they need a lot, many still without power, and without homes and without patience or hope, something needs to be done. judging from the back slapping help politicians, the government is still the one to do it but is it? think about it. if the road to virtue were paved with billion dollar bills then everyone in washington would be the pope, news flash, they are not, they are not good as getting bang for their buck. think of all those gas taxes that were to pay for those bridges, or tolls of no bridges to pay for fixing those bridges, and highways. think about that social security lockbox.
in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of
. he's in the spot between, and let's be clear, john boehner's never voted for a tax increase in his entire career in the house so he's got his principles, and, on the other hand, we saw in november, bewere not successful coming to electioneering. we're going to be blamed. he wants to create the appearance of a willingness to sit down in talk in a broad way in entitlement reform, bending the spinning art, but the president won't engage it. it's give me my increase on the dreaded rich people, and and unlimited credit card with respect to the debt ceiling. can you imagine anything more absurd than us giving eman unlimited ability to raise the debt ceiling? he's got the unmitigated ability to ask for that. lou: congressman, i have the most profound respect. you got me to tears thinking about the 435 folks there on capital hill in the house who have little tiny megaphones and can't get their message out, but then i start desperately looking for the message, and i can't even find it as i seek it. the poor speaker of the house, inability to rise to the level of the bully pulpit, but the fa
-- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on the other hand you have negotiations on all the rest of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of the year struck the last minute to bail us out of this issue. likely to include a bunch of unattractive add-ons, last minute things, and it will be the kind of agreement, the kind of negotiation that leaves the rest of america, the heartland, as you say, even more disaffected with the ways that washington is doing business. looks like the way that washington is going to be doing business from here forward. gerri: to you. you watch this. you must be disbelieving. the length of time these things take. very important jobs numbers and the jobless rate in down to 7%. but what is astonishing about that report was not that number or even the one below it. it was the number of people who
left to stop the u.s. from going over the fiscal cliff. staff and speaker john boehner's office telling fox business the lines of communication open, but it's an empty house in washington. look at these pictures. house members on their long weekend break, and the senate is out until monday, but not before working out logistics for a big event. a private screening of steven spielberg's lincoln at the capital. now, harry reid using his time to take a special waiver to allow unbuttered popcorn in the auditorium. that's what passes for work these days. the president's holding another campaign style event as the middle class families, and with more, michael burgess of texas. congressman, great to have you object show again. >> great to be with you, thank you. gerri: everything's hanging in the banse, economy, middle class income, taxes, you name it, and you and your fellow house members are not going to work. >> well, wait, this is a 24-hour day job, seven days a week. i'm in new york tomorrow looking at the hospitals affected in hurricane sandy, and i feel like i need to do the ground work
you to be speaker of the house. i don't think it's a good trend. >> we are not envying john boehner's current position at the time. it's a difficult position to be in. neil: i envy his office, huge office, huge desk. i envy it. >> demanding prowess. neil: that's a cheap shot. >> that's why he's losing neil. neil: exactly right. >> always going to win, and obama, to his credit, is more consistent on the issue. neil: i will say this that barack obama has been more consistent on that, you're right. i will say this, republicans lost the election, but i didn't realize they lost their backbone. that's neither here nor there. guys, thank you. the stan ten island resident who stepped in when the government was not helping out. >> we basically saw a bunch of federal response which was out there with clipboards taking notes, but we didn't see boots on the ground actually helping people. neil: so he put boots on and got on the ground. he has now more reasons to be furious. al gore using sandy to go to war over climate change. here's an inconvenient truth for the president. now, al gore is taki
now is a bunch of political posturing by john boehner and barack obama with the press. as we look at the market the market is holding up relatively well after a 4% rally and if you think of that we are still on the year and the market continues to go higher so i don't see any reason to believe there's not a deal in place. liz: is the fear of missing the rally now almost equal to the fear of getting crushed by the risk? >> i tell you what. anybody that has fear about missing the rally is a little misguided because all it takes is money to buy stocks and i would rather be late than right and early and wrong. >> i could not agree more. by high and sell high. you are not going to be the guy who buys it. liz: i caught the ball, you know. thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday
. this is what john boehner had to say. >> the day after the election, i found the results. i went to the cameras and made it clear. the republicans were willing to put revenue on the table if there were serious spending cuts and reforms put in place. we have talked about it. the president and white house have three weeks. this is the best we've got? stuart: as of this monday morning, the white house wants the republicans, forces the republicans to agree to raise taxes. the republicans thus far seem to be saying we will cut deductions, but not raise tax rates. >> what is so flabbergasting to me is that geithner, you just heard him, he basically said if the republicans do not do what we put on the table, it is fall off theefiscal cliff and it is the republicans fault. they knew where the republicans stood coming into this. they are not getting it. stuart: do you think that the republicans will cave? >> i am going to differ on this. no, i do not. stuart: do we go over the cliff? >> i think we are in serious threat of going over the cliff at this point. >> mitch mcconnell told us that he laughed out
are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are goi
and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do the best for the american people. and already has done severe damage to the economy. now we have democrats who want to suck money out of the economy in tax and we have rhino republicans in name only who wants spending cuts. both those things will do damag% to the economy and any compromise will damage the economy and push it further into deep recession. neither side discusses the real problem which is the enormous costs of big government. cost in money and regulations and intrusion. neither side discusses that because the
increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fiscal cliff. oracle taking it a step further. moving up three dividend payments before the end of the year. for more on this, we're joined by gary kaltbaum, president of cat obama capital management and fox
this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen
Search Results 0 to 46 of about 47 (some duplicates have been removed)